Item C2
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: January 20, 2000
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of contracts to purchase property - Long Beach Estates.
Item Background: This purchase is proposed to protect property rights and natural resources. Part of
Long Beach Estates subdivision on Big Pine Key is zoned Improved Subdivision (IS), designated
Residential Medium (RM) on the Future Land Use Map, and located in the National Key Deer Refuge.
The vegetation on these lots includes beach berm, tropical hardwood hammock, and wetlands. The
shoreline is a turtle-nesting beach. Restrictions imposed by the Comprehensive Plan on this area
include negative points under the rate of growth ordinance (ROGO), a limitation of 8 dwelling units per
year for the Big Pine/No Name Key area, and level of service requirements that have resulted in a
building moratorium for traffic-generating development.
Funding for this purchase will come from the State's Preservation 2000 program, which will restrict
future use of the property to conservation and public recreation. The Land Authority's standard
purchase contract will be used, The property's current assessed value totals $103,852. The agenda
packet spreadsheet lists the legal description, purchase price, and closing costs for this transaction.
Advisory Committee Action: The purchase price listed in the agenda packet spreadsheet is
consistent with the guidelines approved by the Advisory Committee on 10/20/99 by a 4/0 vote.
Previous Governing Board Action: The Governing Board has approved many purchases on Big Pine
Key to address property rights issues.
Staff Recommendation: Approval.
Total Cost: $ 192,090,00
Budgeted: Yes X
No
Cost to Land Authority: $ 192,090.00
Approved By: Attorney ~
OMB/Purchasing _
Risk Management
Executive Director Approval:
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Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #2a
Property
Long Beach Estates
Lots 17 & 18, Section A
(McNeil Brcs" Inc,)
C:\DA T A\LA\AgendaSheet.XLS
Purchase
Price
$190,000,00
PURCHASE CONTRACTS
1/20/2000
Environmental
Audit
N/A
Title
Insurance
$1,125,00
Attorney
Fee
$950.00
FY 00 Preservation 2000 Fund
Less Previous Encumbrances
Less Proposed Encumbrances
Unencumbered Balance
Recording
Fee
$15.00
Acquisition
Total
$192,090.00
$3,500,000,00
($1,221,188.99)
($192,090.00)
$2,086,721,01
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